This property looks like a bad Long-Term investment with a projected -28.39% first-year return on $364k initial cash invested.
-28.39%
Cash On Cash
0.75%
Cap Rate
0.11
DSCR
$2,966
Rent
-$8,617
Cashflow
Cash Flow
$2,966 income − $11,583 expenses = $8,617 out of pocket
Investment Breakdown
|
Purchase Price
$1735k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$364k
Downpayment
20%
$347k
Closing costs
1%
$17,346
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,966
Total Expenses
$11,583
Mortgage P&I
322%
$9,549
Property Taxes
21%
$635
Home Insurance
21%
$628
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0